Sukanya Samriddhi Yojana is a government scheme made for the future of daughters. It provides 8.2% interest, tax exemption and financial security. The account is closed at the age of 21 years or at the time of marriage. It is necessary to deposit at least Rs 250 annually.
The government runs a savings scheme called Sukanya Samriddhi to secure the future of girls in the country. In this, the government offers good interest, which it announces every three months. Now the government has announced the interest for the January-March quarter for this scheme. The government started it in the year 2015 under the ‘Beti Bachao, Beti Padhao’ campaign.
The purpose of Sukanya Samriddhi Yojana is to encourage parents to save money for their daughters. This ensures financial security of daughters. The government has kept the interest rate of this scheme at 8.2% for January 2025 to March 2025. This rate is the same as the previous quarter (October-December 2024). No change has been made in this.
Highlights of the scheme
It is necessary to deposit at least Rs 250 every year in Sukanya Samriddhi Yojana. If this amount is not deposited, the account is closed. To restart it, one has to pay Rs 250 as installment and Rs 50 as penalty.
You can deposit a maximum of Rs 1,50,000 in this scheme in a year. This account lasts for 21 years or is closed at the time of the daughter’s marriage. If the daughter turns 18, up to 50% of the money can be withdrawn from the account for her education.
Tax and interest benefits
This scheme offers an interest rate of 8.2%, which is the highest among all small savings schemes. It offers huge tax benefits. The money deposited, the interest received on it and the amount received on maturity of the account are all tax-free.
Documents required for opening an account
To open a Sukanya Samriddhi account, you have to submit the girl’s birth certificate, parents’ photo and identity proof. This account remains active for 14 years and money can be deposited in it. Even if money is not deposited in any year, the account can be reopened within 15 years.
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